Mortgage Delinquencies, Foreclosures Continue to Hold at Pre-Crisis Lows


Although mortgage delinquency rates in December remained elevated in some areas impacted by last year’s hurricanes and wildfires, overall they were down compared with the previous month and from a year earlier, CoreLogic’s Loan Performance Insights Report shows. 

In fact, delinquency and foreclosure rates in December were the lowest since at least 2000.

Nationally, 4.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in December, a decrease of 1.2 percentage points compared with December 2017, when the national rate was 5.3%.

The rate for early-stage delinquencies – defined as 30 to 59 days past due – was 2% in December, down from 2.4% in December 2017.

The share of mortgages that were 60 to 89 days past due was 0.7%, down from 0.8% in December 2017.

The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 1.5% in December, down from 2.1% a year earlier.

The serious delinquency rate has been steady at 1.5% since August 2018 – the lowest level for any month since March 2007 when it was also 1.5%.

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